Thursday, April 12, 2018

Income gap

I prepared this chart to give a talk about Singapore to a group from Europe.
It tells an interesting story.

Singapore and USA have a high per capita income. But they also have a high income gap.
Switzerland has a higher per capital income than Singapore and USA and have a smaller income gap.
Germany and Austria have a lower income gap than Switzerland but their per capita income is also lower. 

Does this chart suggests that the most efficient income gap should be that figure shown for Switzerland?

Although the per capita income of Germany and Austria are lower than Singapore, the majority of their people are better off than the people of Singapore. We need to take one third of the per capita income for Singapore for the comparison, because the gap is three times of these two countries.

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